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Point Blank pays feds $1 million in body armor case
The assets of Point Blank, which has been under Chapter 11 bankruptcy court reorganization, were sold Oct. 28 to Sun Capital Partners , an investment company based in Boca Raton, according to a press release from Point Blank. The purchase price was not
Updated: 11/08/2011 03:07P
Giordano's Pizzeria Chain Hard-Pressed for Dough
An insider told the Chicago Tribune that Connie's, through holding company parent Italian Food Network, has put in a $26 million bid on Giordano's, a pizzeria chain known for its stuffed pizza (fans include Ellen DeGeneres), which is currently
Updated: 11/08/2011 03:07P
Migrant workers feeling the economic squeeze in Greece
ATHENS // While Greek political leaders were still working frantically to form a new coalition to save the country from bankruptcy last Sunday afternoon, dozens of Asian and African street hawkers scattered in a panic in the central Athens
Updated: 11/08/2011 03:05P
Cast Your Bid for Kluge's Cupids
AP/Daily Progress So you missed your chance to bid on Patricia Kluge's 24000-square-foot, 45-room country manor home, her acclaimed Virginia winery and millions of dollars worth of sparkling jewelry. All's not lost—two marble cupid
Updated: 11/08/2011 03:01P
Associated Press/Daily Progress
So you missed your chance to bid on Patricia Kluge's 24000-square-foot, 45-room country manor home, her acclaimed Virginia winery and millions of dollars worth of sparkling jewelry. All's not lost—two marble cupid statues may soon be up for grabs in
Updated: 11/08/2011 03:01P
Bankruptcies Fall 8% in Fiscal 2011 on Lower Debt, ABI Says
8 (Bloomberg) -- US bankruptcies fell 8 percent in the year through September to 1.47 million as consumers reduced debt and fewer businesses sought to reorganize or liquidate, the American Bankruptcy Institute said. Business bankruptcies declined 18
Updated: 11/08/2011 02:59P
DBJ Special Report: Frontier Airlines
Southwest Airlines tried and failed to buy Frontier out of bankruptcy, but it was Indianapolis-based Republic Airways Holdings (Nasdaq: RJET) that landed the carrier in October 2009. Since then, Republic has been combining Frontier with Milwaukee-based
Updated: 11/08/2011 02:52P
$7.5M CUT FROM CLICO RECOVERY
Proceeds from the initial 102.74-acre Wellington Preserve disposal have been used to satisfy the real estate project's US creditors. Confirming that sale's closure via a May 31, 2011, filing in the same US Bankruptcy Court in the southern district of
Updated: 11/08/2011 02:46P
Chechen owner of Swiss club faces forger
Prosecutors in Geneva and Neuchatel suspect Chagaev of submitting a fraudulent Bank of America letter to a bankruptcy hearing last week which purported to prove he had $35 million in a New York account. Geneva prosecutor Yves Bertossa was quoted by
Updated: 11/08/2011 02:34P
Dynegy units file for bankruptcy
(NYSE: DYN) filed for Chapter 11 bankruptcy Nov. 7 in US BankruptcyCourt for the Southern District of New York. Dynegy Holdings Inc. is more than $4 billion in debt, newsreports said. The other units that filed are Dynegy Roseton LLC, DynegyDanskammer
Updated: 11/08/2011 02:32P
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